ANN ARBOR, Mich. – The University of Michigan has acquired land formerly occupied by Kmart headquarters in Troy.
The university says it bought the 7-acre parcel, located at 3100 West Big Beaver Road, for $4.42 million, from owner Forbes/Frankel Troy Ventures LLC. It plans to build a multi-specialty facility on the property to expand specialty clinical services and increase patient access to the Oakland County region.
Recommended Videos
“We are thrilled to announce our plans for a long term presence and commitment to patients in Oakland County, in keeping with our efforts to create a statewide network of care that allows Michiganders the ability to receive our world class care close to home,” said Marschall S. Runge, M.D., Ph.D., CEO of Michigan Medicine, dean of the U-M Medical School and executive vice president of medical affairs for the University of Michigan.
U-M Health is the clinical division of Michigan Medicine, the academic medical center of the University of Michigan.
“We believe this new investment will bring our U-M Health expertise to a whole new community of patients, providing easier access for metro Detroit residents to our nationally renowned clinical expertise and innovation,” said David Miller, M.D., president of U-M Health. “We are excited to move into a prominent, easily accessible location in Troy, where we will continue to expand our presence. We expect this new facility will be a location for advanced and innovative clinical programs including multi-disciplinary cancer care.”
Demolition of the old Kmart headquarters in Troy started last year, after sitting vacant for more than a decade. Redevelopment plans were proposed over the years, but nothing ever happened.
No word on when the new clinical facility will break ground.
As for Kmart, it’s still around, sort of. It’s mostly online. There aren’t any active stores in Michigan, but there are a couple still open in the U.S.